Why is Bitcoin going up? Reaches $73,600

Bitcoin, which adds a new one to its records every day and continues to rise, exceeded the $ 73,600 level today and renewed the record it broke yesterday. Yesterday’s peak level, especially in US ETFs, is also thought to have triggered today’s rises.

Why is Bitcoin going up? Reaches $73,600

Bitcoin continues to rise. Bitcoin, which broke its record of $69,000 last week but then fell, started this week fast. The largest cryptocurrency, which continued its rise, managed to exceed $73,600 today.

ETFs

The biggest factor behind the rise of Bitcoin continues to be the US ETFs. ETFs also had a net record entry of $1 billion yesterday. This figure shows a first, but the important figure here is not only exceeding $1 billion. Because the net figure entering ETFs has not even exceeded $700 million so far. In other words, like $1 billion, the $700, $800 and $900 million levels were exceeded for the first time.

BlackRock also hit a record

BlackRock, the largest ETF issuer, also broke its own record yesterday and received a net investment of $848 million. In second place was ARK Invest with $92 million. Fidelity’s net investment of only $50 million did not go unnoticed.

Grayscale also had a share in the entry of such a large number into ETFs. Grayscale’s sales remained at only $78 million yesterday. These sales had seen a daily level of at least $200 million in the last 1 week.

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